Form 4: RA Capital Management Reports Beneficial Ownership Changes in PepGen Inc.

RA Capital Management and related entities report changes in beneficial ownership of PepGen Inc. securities, including the grant of stock options to a director.

Summary

• RA Capital Management, L.P., along with related entities and individuals, filed a Form 4 detailing changes in beneficial ownership of PepGen Inc. [PEPG] securities.
• The report covers transactions occurring on June 20, 2024.
• Joshua Resnick, a Senior Managing Director of RA Capital Management, received a stock option to buy 13,000 shares of PepGen Inc. common stock at an exercise price of $16.80.
• The option vests upon the earlier of June 20, 2025, or the date of the Issuer's next Annual Stockholder Meeting, with vesting ceasing if Mr. Resnick no longer serves as a director, unless the Board of Directors determines otherwise.
• RA Capital Management, L.P. is the investment manager for RA Capital Healthcare Fund, L.P., RA Capital Nexus Fund II, L.P., and a separately managed account.
• The general partner of the Adviser is RA Capital Management GP, LLC, of which Dr. Peter Kolchinsky and Mr. Rajeev Shah are the managing members.
• The reporting persons disclaim beneficial ownership of the option and underlying common stock, as Mr. Resnick holds the option for the benefit of the Fund, the Nexus Fund II and the Account and is obligated to turn over any net cash or stock received upon exercise of the option to offset advisory fees.
• RA Capital Management, RA Capital Healthcare Fund, RA Capital Nexus Fund II, Peter Kolchinsky, and Rajeev Shah each disclaim beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports transactions.

Positives

• Granting stock options to directors can align their interests with those of shareholders.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The granting of stock options to a director could potentially align the director's interests with those of the shareholders.

Key Dates